"Na 15m": Nigerian Lady Breaks Her Silence After Going to BDC Shop to Change Her Dollars to Naira

"Na 15m": Nigerian Lady Breaks Her Silence After Going to BDC Shop to Change Her Dollars to Naira

  • A Nigerian lady shared her experience at a bank when she went to exchange her dollars
  • In a video, she explained that the rate at the BDC shop was not favorable, so she opted to visit the bank instead
  • To her surprise, she said she noticed a man behind her with stacks of dollars ready for exchange at the bank

A Nigerian lady shared her experience at the bank where she had gone to exchange her US dollars.

In the video, she expressed her inability to secure a favourable rate at the Bureau De Change (BDC) shop, leading to her decision to visit the bank for the currency exchange.

Nigerian lady speaks on dollar to naira exchange rate after visiting Bureau De Change (BDC) shop.
Nigerian lady details her experience changing dollars to naira. Photo credit: wearnaya
Source: TikTok

The lady, who went to the bank with her brother, said while waiting on the queue, she noticed a man behind her, armed with bundles of dollars ready for exchange.

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The lady said the sight of a fellow Nigerian possessing such a substantial amount of US dollar cash was a surprise to her.

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As shared by @wearnayaa, this narrative provides an insightful glimpse into the dynamics of currency exchange in Nigeria.

Curbing Forex hoarding

AbdulFatai Khan, a Forex expert, spoke on the solution for curbing dollar hoarding:

“Good policies and implementation will go a long way. The biggest hoarders of fx are the banks. The new recapitalization of banks will force them to bring out those dollars and convert to naira which will go a long way in strengthening the naira.”

Watch the video below:

Legit.ng compiled some of the reactions below:

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Operamizing said:

“Abeg madam always day talk fast fast because MTN 2.5GB no day last again.”

Toheebjolaoso wrote:

“Since when did banks start buying dollar from individuals?”

Markus Rogers commented:

“Save your dollars for travelling my sister, the current naira gains is an illusion.”

Idris halliru:

“This is good development,the economy will bounce back it's matter of time.”

Joseph ifeanyi:

“Sister I feel your pain... na 15m be that.”

Integral 4A:

“The truth is that there is more paper dollar in Nigeria than in America... All our politicians have it stashed and USA knows it cos it gives their money value.”

RichardDiva:

“Which dollar? U leave aboki yo bank to change dollar? This story no clear.”

Kay:

“Those are the people that hoard the $ that government are talking about, but when they see dat d naira is going up Dey can't keep it again at home Dan to bring it to bank.”

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HawlahO8:

“U remove airpod to see well I knw dat feelings Ge my dearI see some ppl dollar cash I ask myself wetin I dey do with my life since.”

Young lady gives reason for dollar hike

Meanwhile, Legit.ng earlier reported that a young woman shared her insights on the possible causes of the dollar’s rise in the Nigerian market in a TikTok video that went viral.

As shared by @flowbizness, she explained the economic factors that influenced the value of the dollar in a simple and engaging way.

She said that the first cause was the high demand for the dollar, as people wanted to buy it for various reasons, such as travelling, investing, or saving.

Source: Legit.ng

Authors:
Basit Jamiu avatar

Basit Jamiu (Editor) Basit Jamiu is an award-winning journalist and a human interest editor with more than 5 years of experience in the media (Ikeja Bird, Prime Progress, The Movee). He started his journalism career after graduating from Ekiti State University in 2018. He is a 2023 MTN Media Fellow, OCRP Fellow at ICIR, and Accountability Fellow at CJID. He also has professional certificates in Information Management, Technical Writing, Digital Marketing from Google. He can be reached via basit.jamiu@corp.legit.ng.

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